Q: what do you think of ssl and eqx to add to my gold holdings .Thanks Phil
5i Research Answer:
We would consider SSL 'OK'. As a royalty company, it is more expensive. Its portfolio is decent as is cash flow. However, the company has a fairly high degree of leverage, and EPS has not grown much in the past five years. Still, we would expect it to do well in a gold/silver rally. The outlook for EQX is very strong with high growth in revenue and EPS expected over the next two years. It is cheaper, and while it is also leveraged EPS is expected to more than triple in 2025. We woud prefer EQX.